HOUSTON, Jan. 10,
2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today
that its blue ammonia technology has been selected by Tokyo-based INPEX Corporation and Oklahoma City-based LSB Industries for a
large, commercial-scale clean ammonia production and export project
in the US Gulf Coast.
Under the terms of the contract, KBR will provide technology
licensing and proprietary engineering design for a 1.1 million
tonnes per annum ammonia plant, designed to capture carbon while
maximizing yields.
"We are honored to work with INPEX and LSB on this strategic
project to implement our market-leading low-carbon blue ammonia
technology," said Doug Kelly, KBR
President, Technology. "With this award, KBR continues its
commitment to provide sustainable solutions that meet the evolving
market needs while helping clients realize their decarbonization
goals."
"KBR brings a wealth of experience, expertise and innovation to
this world-scale, blue ammonia project," said Mark Behrman, LSB Industries President and CEO.
"We look forward to partnering with them to achieve a successful
outcome, which will further support our strategy of becoming a
leader in the global energy transition through the production of
low-carbon products."
"We believe that KBR's unwavering commitment to excellence and
continuous improvement will enable us to achieve optimal low-carbon
ammonia production with utmost efficiency, robustness and safety,"
said Shoichi Kaganoi, Senior Vice President, Hydrogen & CCUS
Development Division of INPEX. "We are delighted to collaborate
with KBR, a company that shares our values of sustainability and
technological advancement, as we work together to contribute to a
more sustainable and innovative future."
KBR is a world leader in ammonia technology and has been at the
forefront of innovation in the ammonia industry for decades. Since
1943, KBR has licensed, engineered, or constructed over 250
grassroot ammonia plants worldwide.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 34,000 people performing diverse, complex and
mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, is committed to
playing a leadership role in the energy transition through the
production of low and no carbon products that build, feed and power
the world. The LSB team is dedicated to building a culture of
excellence in customer experiences as we currently deliver
essential products across the agricultural, industrial, and mining
end markets and, in the future, the energy markets. The company
manufactures ammonia and ammonia-related products at facilities in
Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a
global chemical company in Baytown,
Texas. Additional information about LSB can be found on our
website at www.lsbindustries.com .
About INPEX Corporation
INPEX CORPORATION is Japan's
largest exploration and production (E&P) company, and is
currently involved in projects across multiple continents,
including the Ichthys LNG Project in Australia as Operator. By thoroughly making
its oil and gas business cleaner while expanding its 5 net zero
business areas, INPEX aims to provide a stable supply of diverse
and clean energy sources including oil, natural gas,
hydrogen/ammonia and renewables as a pioneer in energy
transformation. For more information, visit
https://www.inpex.co.jp/english/index.html.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding the performance of the
company's contract with INPEX and LSB and future demand for the
company's technologies, are forward-looking statements within the
meaning of the federal securities laws. These statements are
subject to numerous risks, uncertainties and assumptions, many of
which are beyond the company's control, that could cause actual
results to differ materially from the results expressed or implied
by the statements. These risks, uncertainties and assumptions
include, but are not limited to, those set forth in the company's
most recently filed Annual Report on Form 10-K, any subsequent Form
10-Qs and 8-Ks and other U.S. Securities and Exchange Commission
filings, which discuss some of the important risks, uncertainties
and assumptions that the company has identified that may affect its
business, results of operations and financial condition. Due to
such risks, uncertainties and assumptions, you are cautioned not to
place undue reliance on such forward-looking statements, which
speak only as of the date hereof. Except as required by law,
the company undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.
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SOURCE KBR, Inc.